Modern Terms for Costs, Upsells & Hidden Fees

In our modern era of the web 2.0, corporations have invented fees that did not exist prior to the avant of technology and the Internet.    We work with a lot of Ecommerce clients and one of the areas of expertise that I specialize in is Internet merchant accounts so I speak with business owners and managers in the financial industries, particularly the retail payment processing industry.  With the avant of technology, many hidden fees

All these terms typically mean money will be taken from your wallet or bank account:

  • Qualified/Mid/Non-Qualified Fee
  • Discount Surcharge
  • Retrieval Request
  • Chargeback
  • Over Limit Fee
  • High Risk Fee
  • Account Maintenance
  • Early Termination
  • Authorization Fee
  • Statement Fee
  • Assessment Fee
  • Setup Fee

I am posting this as a public service for our own clients that have to deal with huge corporate sharks that impose these fees on their clients without any word of notice.

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